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FOX Business
Oct 3, 2012 12:00am EDT
coal. will ts be a deciding factor in the election? >>> houses of millionaires collecting unemployment checks? does that make sense to you? even when they say it's not it is always about money. melissa: so here's look at the day's market headlines. spain's prime minister denying speculation that a spanish bailout request is imminent. stocks pared early session gains following the news and the dow closed down 32 points on the day. >>> a mixed picture for u.s. auto sales in september. chrysler posted a strong 12% year-over-year gain. general motors saw a tepid 1.5% advance and ford sales were basically flat. >>> shares of metropcs skyrocketed nearly 18%. deutsche telekom's t-mobile is reportedly in talks to merge with metropcs. >>> the big story all night and all day, the new york's attorney general hits jpmorgan with a civil lawsuit over mortgage-backed securities. it will be the first of what could be a long line of lawsuits. the crux of the case which bear stearns purchased by jpmorgan in 2008, misrepresented the risk in their mortgage-backed securities making them appear safer invest
FOX Business
Oct 1, 2012 11:00pm EDT
as far as trying to decorate the office before they have it. we might see another turnaround election in the year 2014 like we did in 2010 if they continue to push this big spending big government. neil: you're not giving up on spending. it almost sounded like you were. >> well, i am just simply saying if they are going to go with decorating the office. neil: thank you very, very much. don't look now, but he is back. remember caught 20 years later. back with a vengeance, and a new warning. deep in debt. ross perot fears we are easy date to be taken down. a former clinton press secretary, debate commission on those warnings from a guy who two decades ago almost up into the presidentialrace. very good to have you. >> good to be with you. neil: i remember. he and his charts. i remember bill clinton responding to that, addressing that. many will argue, it was your boss to did address some of the same debt issues that perot claim to fame for. but he is back saying both parties have let him down. i think he goes on to say that he does not like other guy and that both parties have essentiall
FOX Business
Oct 2, 2012 8:00pm EDT
. but i am curious about one thing. i have a theory that once the election passes, no matter who wins, maybe we do make progress on some of these, you know, issues. i don't think it's just going to be a kick the can down the road thing. i tend to think that once we are past this, progress is made. when you think? >> maybe you are naÏve, but i hope you are right. that is what the public demands, and i think there are good people in washington that have been overwhelmed by this title wave of the system that we have and when they are not faced with reelection, when they are faced with the reality of the problem, hopefully they can come up with this across the country. we have seen us when we have been faced with real dilemmas. >> ronald reagan himself said. >> it doesn't work that way. neil: thank you, sir. well, it sounds like simpson-bowles and it smells like simpson-bowles. it even has the same savings, almost exact savings as simpson-bowles. why more than a year later our senators coming up with a pistol clip avoiding measure that is pretty much simpson-bowles? follow the wings. nei
FOX Business
Oct 6, 2012 10:00am EDT
before election day, and unemployment below 8% for the first time in the obama era, obama called it too little, too late because so many stoppedded looking for work. >> the truth is, if the same number of people were participating in the work force today as when the president was elected, unemployment would be 11%. >> romney says his plan creates long term jobs rather than part time work to get the unemployment under 8%, 32 days before the election. >> i will help create 12 million new jobs and rising take home pay. romney's debate performance is rising in polls inches ahead in ohio and virginia be it within the poll's margin of era. the tracking poll has the president up five points. in virginia, he met with miners blasting the president for waging war on the coal industry and the workers. >> i believe we should take advantage of it, put workers back to work, and use the resource that's abun adapt, cheap, and to be burned in a clean way. >> riding high, romney reminded a rally last night with fireworks and trace adkins that the president promised his stimulus gets unemployment lowe
FOX Business
Oct 4, 2012 9:20am EDT
been comparing this election race this year to the 1980 campaign. we're doing that a lot here on "varney & company." but we have been saying the president, president obama, is like jimmy carter. and somewhat of an unpopular incumbent. look at the latest edition of newsweek. a picture of president obama with the headline, wait for it, the democrats' reagan the and the subtitle what obama will achieve in his second term. carol roth and jedia, you first, welcome, that's a stretch, isn't it? >> it's hilarious, reagan ushered in a real recover than had a fake recovery as obama does. this is media spin and claim this is a great or atore and came out before the debate and that was not a reaganesque performance last night. reagan was a guy that could relate to americans, expressed empathy, was not arrogant and down to earth in his delivery, the complete antithesis of barack obama. he brought down the unemployment rate and did good things for the company. he doesn't usher in a phony recover. the comparison was absurd. stuart: reagan you ladies don't remember him. and i do. president obama
FOX Business
Sep 29, 2012 11:00pm EDT
economy and romney. we have two jobs report left before the election. do you think -- well, what do you think the impact will be? >> i don't think there will be all that significant because if it was going to be significant in the jobs report obama would be toast. he has had 43 months in his term so far where the jobless rate is above 8%. now, and all of the time between 1948 and 2009 when obama took office in cumulative months and which the unemployment rate was above. some 39 months and 43 months in just three and a half years of his presidency. those are the staggering your numbers. yet people still say, well, he's trying really i've. lori: he wants to try to cut tax of year and a higher percentage. 75 percent individual income rate. >> it is absurd. there is no economic basis for that other than we don't think people ought to earn that much money, so we're going to take away. that is socialism at its very essence. and so you elected socialist president. voila. you're going to have socialist policy, and that is what you have. he comes out with a 75% tax rate i chased the wealth o
FOX Business
Oct 3, 2012 8:00pm EDT
coverage next. ♪ >>> this is fox business coverage of election 2012, the presidential debates. here's is neil cavuto. ♪ neil: welcome, everybody, from the university of denver where we're now less than an hour away from the first of four big debates this year. this could be the most defining one, though, a chance for mitt romney to reverse what's been a slide in the polls, but not a horrible one. the fact of the matter is that week over week, a lot of these big swing states narrowed considerably, and the popular vote is virtually even nationally. this will be all about the economy. this will be about debt. this will be about health care. this will be about all issues domestic. libya will not come up. syria and some of the increased fighting there, foreign affairs, will not come up. no doubt, mitt romney will try to work that into the theme of whether we continue to pour good money after bad in the region, that's debatable. it could be created, but likely not happening tonight. the focus on that debt, on the economy, which mitt romney is saying is going to hell in a hand basket, and
FOX Business
Oct 7, 2012 1:30am EDT
first presidential debate. >> one of the arguments is, no matter who is elected, they, the table this for six months, whether it's to reelect president obama or newly elected president romney, deal with it in the winter in a substantive way, going so far as to reform the tax code, everything you want. do you think that's what's going to happen? >> i think that could happen, regardless who is president because the markets are going to begin to rattle their chains, it will be like a dungeon, say, look. >> why haven't they rattled? >> they're waiting for this to pass. >> anything could happen. >> they look at america as some the stupidest people on earth if they're going to let go over the cliff when you have a mindless sequester of 600 billion on defense, 600 billion with an ax, they're going to say you're dysfunctional and we want more money for our money and inflation kicks up and the guy that gets hurt the worse, the little guy that everybody talks about day and night. >> a funny thing happened on the way to the debate. neither candidate getting a question on that fiscal cliff. and s
FOX Business
Oct 4, 2012 7:00pm EDT
election day? fox news polital analyst sorts it out. tensions high in the middle east. another deadly attack. the syrian civil war spiraling into a regional conflict. andrew mccarthy, author of spring fever with us tonight. ♪ lou: in tonight's tech connect facebook getting a milestone with users not stock price. the social networking site topping a billion users, doubling the number since july of 2010. the company stock still trading well below the initial public offering price of $38. facebook today closing at $21.95 following a 2% in after hours trading. that fall contributed to on-line game maker which cut its outlook and brought down nearly 20% in after hours trading. in the moneyline tonight to markets finishing higher. could it be a romney rally? the dow jones industrials up 81 points almost. the s&p higher by tandem and nasdaq a 14. it could be coincidence, but financials moved higher after governor romney said he would repeal the dodd-frank financial reform law. bank of america, j.p. morgan, morgan stanley all up about two and a half%. health care stocks up after romney reco
FOX Business
Oct 2, 2012 9:00pm EDT
winners, voters pick winners. that is why we have elections. they are smart enough to understand opinions and facts and all of that. they are really good at filtering it out. after all the early voting that is done, 9:00 o'clock on the west coast, it is the voters that have the last say and that is the way it should be. gerri: okay, rich, the public says that 61% of those polled by fox news says that the media wants obama to win. >> yes, i think it is right. in 2008, it was more of the country in love with president obama. this time they are lukewarm with obama but they hate mitt romney. this is one of the few opportunities th mitt romney has two really comes through without the media filter being there. and since you have to be very aggressive towards the president, but he mostly has to try at the affirmative of the program. it is inevitably going to be a choice and people are not going to take them unless he steps it up. gerri: i want to talk to you about this. every pundit that i have talked to have something negative to say about romney. u name it, you have written that he ha
FOX Business
Oct 8, 2012 5:00pm EDT
-election. a clam down on venezuelan oil production could be around the corner. is the u.s. to blame? we'll explain all of that. m.o. "money" coming up ♪ [ male announr ] how do you make 70,000 trades a second... ♪ reach one customer at a time? ♪ or help doctors turn billions of bytes of shared information... ♪ into a fifth anniversary of remission? ♪ whatever your business challenge, dell has the technology and services to help you solve it. whatever your business challenge, those surprising little still make you te notice. there are a million reasons why. but your erectile dysfunction that could be a question of blood flow. cialis for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph, like needing to go frequently or urgently. tell your doctor about all your medical conditions and medications, and ask if your heart is healthy enough for sexual activity. do not take cialis if you take nitrates for chest pain, anas this may cause an
FOX Business
Oct 8, 2012 9:20am EDT
. there are 29 days to the election and rasmussen puts romney in the lead in florida and he has fresh numbers for us today. and there's no retreat. regular averages 4.66. the formerly golden state people, the drivers there are paying $100 a fillup. governor brown wants a cheaper, but dirtier gasoline blend. good news for socialists all over the world, hugo chavez wins in venezuela. they haven't run out of other people's money just yet. markets down, romney is called a liar and "varney & company" is about to begin. >> good morning, "varney & company" viewers, today is monday, october the 8th. the big story less than 30 days from the election, let's see where the candidates are at the polls right now. gallup today, this poll for the first three days after the debate. romney and obama tied at 47 among registered voters. before the debate. obama in this poll had a five point lead and mitt romney has swung back into the lead in the first post debate survey in the presidential race in florida and the latest rasmussen poll is likely voters and has romney two points ahead and scott rasmussen,
FOX Business
Oct 2, 2012 9:20am EDT
together and have a budget compromise during a lame duck session of congress after the election, that would be a plus for starts, maybe that's why we're up another 30 points. the opening trend will be higher and it is. hold on a second we'll get to maybe 30 points up in the next couple of minutes and the wall street journal reporting that nissan taking a gamble on a $3,000 car to be sold in emerging markets. i think it's an interesting story. nicole, i don't expect nissan's stock to react to this. i can see it's up. i'm just intrigued of bringing back the datsun name and putting out a car for $3,000, i'm looking, roll up windows, a 2 cylinder engine, seats that don't recline. >> there's something for everybody, there's some that buy 100,000 or 200,000 vehicles, many people in a tough economy who would like a $3,000 vehicle, 3 to $5,000 may be just right. stuart: if i'm in an emerging and developing company and i make a middle class income, $10,000 a year, a $3,000 car is not a bad deal. i mean, i might go for that. >> right, like bad furniture and don't feel badly to dump it at some p
FOX Business
Oct 4, 2012 12:00am EDT
and they should privatize. politicians want the control so they can claim it is because you elected them. john: also trains are green? is not like cars. >> most debuts diesel locomotives they use a little bit less energy of the automobile today with their getting more efficient. the bus uses one-third as mitch energy and pollution. there are routes all over the country they provide faster frequent service at a lower fare. john: and they don't find that clamorous. one criticism, the interstate highway system the same goal biggest government intervention you think it is the wonder. it worked with a corporate program. congress said it is funded by the users. as the money comes then we will not build it then held it comes. we design and track pay as you go but it could have forked but government funded it. to much money is the problem. john: i ride amtrak. thank you for your subsidy. >> i ride in the megabucks. john: good for you. the much bigger part of government is defense do you know, that the brownie recipe is 26 pages long? recipe is 26 pages long? why would [ male announcer ] thi
FOX Business
Oct 3, 2012 4:00pm EDT
and the election. that is coming up. ♪ ♪ [ male announcer ] how do you turn an entrepreneur's dream... ♪ into a scooter that talks to the cloud? ♪ or make 70,000 trades a second... ♪ reach one customer at a time? ♪ how do you help doctors turn billions of bytes of shared information... ♪ into a fifth anniversary of remission? ♪ or turn 30-million artifacts... ♪ into a high-tech mastpiece? ♪ whatever your business challenge, dell has the technology and services to help you solve it. lauren: welcome back. while many businesses shied away from expansion during the recession one business owner decided it was the perfect time to grow opening 10 restaurants since 2008. david: yeah but now he says there is a war out there for businesses or against businesses. zane tankel is chairman of apple metro. he owns 33 applebee's restaurants in the new york area. i think you're biggest in the area. >> not in the country. in new york. three by the way, david under construction as we stand here now. david: a lot of whether those things are finished depends who is elected president, rig
FOX Business
Oct 3, 2012 11:00am EDT
ron paul going to vote for in this election? we might find out. he will join us in a few minutes. dagen: that election is about jobs, and the latest report does show some hope in hiring by private companies. but much more is needed to bring down unemployment. connell: and richard branson is coming on. he thinks america is bouncing back. he's selling $200,000 tickets to go to space on the street to prove it. dagen: and mcshane looked way too excited to be -- [inaudible]. that photo you posted on your facebook page was crazy looking. connell: crazy looking? dagen: nicole petallides is standing by. stocks now and every 15 minutes. what do you know nicole? nicole: i just met richard branson a few minutes ago. great guy. i look forward to that interview. remember yesterday we talked about metro pcs it was soaring. all this on talk of the deal that deutsche telekom was moving in and they were going to make a deal for t-mobile usa. now that is in fact the case. and now metro pcs giving back some of yesterday's gains. down 6% right now so t-mobile usa and metro pcs are going to combine a
FOX Business
Oct 3, 2012 7:00pm EDT
managed anything and his wife until he was elected the biggest management position in the world? only in america. one name not year, teetwo to keep his mishaps and focus heartbeat away from the presidency. everybody is familiar with joe biden. the cover-up gets worse more questions than answers with the terrorist attack. were risks ignored and calls for help not answered and reports not read? they want to wait until after the election. katie mcfarland is ready to talk. vice president joe biden added again. >> how can they justify raising taxes on the middle-class and has been buried last four years. lou: who buried them? can the middle-class survive? we will give some counsel to the candidates. we're in the world was this video 2008? >> look at the gulf coast people ask me if they thought grace was the reason i said no illustration was colorblind. lou: now what they have been denying over five years. the president reveals himself in his own words. the "a team" is next eels turnin. from business loans to cash management, we want to be your partner moving forward. so switch to regions.
FOX Business
Oct 2, 2012 12:00am EDT
don't think there is anything close about this election. there is something very profound going on out there that the polls are just not picking up. i think the election will be decided on the answer to the very same question that ronald reagan posed in 1980, are you better off today than you were four years ago. everybody can answer that question for himself. is not going to be influenced by ads or by the debate results or by clever spend doctors. i can not imagine the american people want to go another four years down the road we're currently on. melissa: congressman, thank you for coming on. >> my pleasure. thanks for having me. melissa: oil companies are dumping campaign cash on mitt romney's lap but are they giving it to the wrong guy? a new study finds the industry actually fares far better when a democrat is in the white house. i was shocked by these stats. i have followed this industry for a long time. you want to stay tuned for this story. >>> plus the obama administration pushes to give $450 million in emergency aid to egypt. top gop lawmaker moves to block that. can derail t
FOX Business
Oct 5, 2012 9:00pm EDT
look good before the election. the obama administration firing back calling such charges ludicrous. what is the real story? joining me now, former white house chief economist and labor department commissioner keith hall, moody's chief economist, john lonski, and carried from call bomb capital management. welcome to you all. very curious. nearly a half percent move in the an employment rate on just 114,000 jobs growth in the month surprising to jack welch, former ceo of ge. here is what he said. >> well, and the last two months we have gone from 83-81. now we are going to 7.8% by changing the numbers assumptions. like. i don't know if -- what the right number is. i tell you, these numbers don't smell right when you think about where the economy is right now. gerri: gary, to you first. is the bls giving as ps? >> it is the bs. look. three months ago i said that even if we got newt we would be under 8% because the politics of it. we saw 30 days ago the fed announced a open ended printing of money to get asset prices up, and they say 50 days before election, this one is a joke. if you
FOX Business
Oct 8, 2012 7:00pm EDT
are not neutral conditions of the kind of rise rice very close elections. these are decidedly negative conditions for an income that could be running. and i thought that it was remarkable that president obama deemed to be so wellhead and how the election seemingly in hand. now, we have had an event in which the president was required to defend his record, a difficult record to defend. he did not do it very well. i'm not sure how well it could be done. mitt romney had a good night. and the chickens are coming home to roost or if gravity in the selection should favor the challenger and now it is beginning to hearing after hearing, in the weeks ahead, this is a very difficult moment for this administration. irrespective of the political context. >> i agree with that. i think it is a difficult moment. very serious mistakes were made with the situation in libya that had to do with security and intelligence and the rest of it. the result was that hideous outcome that we saw there. the administration put out statements that were not based on the whole lot of information that we had o
FOX Business
Sep 30, 2012 8:00pm EDT
. >> the short term solution is electing a new president. lou: say we do that -- >> yes. lou: what happens? >> them people are policy. we have to count on the clarity of mind of president obama to choose cabinet officers as well as bring with him enough congressman and senators to reorient the entire american economic policy. it's budgetary policies and monetary policies. >> okay. lou: we've got a lot to talk about it. we'll continue that in the next sit down, if you will, but it seems to me it's important that if governor romney is in an interesting position, at least in economics, finds himself in the unique position having the same disadvantages of senator mccain, and governor romney is still running against george w. bush with economic policies. >> yes, but that was -- that's been true in the past, and many presidential changes -- for example, think about president reagan, he was running against the catastrophic effects of nixon's wage on price controls lasting up to 1980 and carter. the "new york times," i have to remind you, the "new york times" on the eve of the election bet
FOX Business
Oct 5, 2012 11:00pm EDT
$5.55 so he will shutdown. >> somebody said it is the key to the election but now we're back to where we were even higher nobody talks about this. where is the disconnect or used to it? >> maybe. i am not used to it i felt the car and i could not believe it. it should be a bigger issue without question. >> what i give somebody 100 and they need more. [laughter] there was a low-budget station $5.69 and he put aside close sorry. it is not our fault. it is someone's do they shoot themselves in the flight? >> a lot of them get mad at the gas station owner he explains he is getting squeezed the most to run a business, feed the family with the fluctuating price and may not be able to get the gas and you cannot raise the gas high enough in when you get squeezed. they will not build more refineries, a special blend four "the enquirer" mitt, a special blend into the summer. prices there are higher than hawaii. i don't think that has ever happened. all those special blends get more onerous even though the rest of the country has not asked with the constraints we should try to exploit all full tool
FOX Business
Sep 30, 2012 8:30am EDT
speaking with the power players, about the consequential economic election of our lives. other financial networks like to tell you most important economic election ever and that night, i've got to turn to them, too late. they're in 15 minute reruns and tupperware commercials. meanwhile, folks on main street may be feeling better, street may be feeling better, but their bosses are not. [ male announcer ] you are a business pro. governor of getting it done. you know how to dance... with a deadline. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. this is awesome. [ male announcer ] yes, it is, business pro. yes, it is. go national. go like a pro. -oh, that's just my buds. -bacon. -my taste buds. -[ taste buds ] donuts. how about we try this new kind of fiber one cereal? you think you're going to slip some fiber by us? okay. ♪ fiber one is gonna make you smile. ♪ [ male announcer ] introducing new fiber one nutty clusters and almonds. boring. boring. [ jack ] afte
FOX Business
Oct 3, 2012 9:20am EDT
you today. we afternoon compare election to one back in 1980. and as late as october much that year, ronald reagan was trailing jimmy carter in the polls and the strong debate helped him win. and mike reagan is in the next hour. and problems with seats coming loose in flights, american airlines. tom sullivan is a pilot and our aviation expert. he's going to join us to talk about american airlines and rock legends gene simmons, he voted for obama in '08 and he told us he wants to take that vote back. question, is there anything president obama could say tonight that would change gene simmons' mind and make him vote for obama all over again? we will ask him the question. and we want to hear from you of course, e-mail us at varney@foxbusiness.com. there you have it. and all right, it's wednesday morning and i have the seven early movers for you. family dollar posts higher quarterly profits and i see the stores opening everywhere and that stock is up. what's that, 2% up. nearly 3. data storage company, zero text, made less than expected and give a disappointing forecast and plummet down
FOX Business
Oct 7, 2012 8:00am EDT
presidential election will impact their hiring plans for next year. and someone here says, this is why. >> you know the phrase you always use, obama and biden want to raise taxes by a trillion dollars, guess what? yes, we do in one regard. we want to let that trillion dollar tax cut expire so the middle class doesn't have to bear the burden of all of that money going to the super wealthy. >> so, are promises of massive tax hikes, taxing the jobs market? hi, everyone, i'm brenda buttner, this is bulls and bears, here they are, bulls and bears this week, gary b smith, tobin smith, jonas max ferris, along with julian epstein and larry, talk about future tax hikes, holding back a jobs recovery? >> that's right, that's right, brenda. well, you know, certainly for consumers that are work being that have 401(k) plans they may be feeling more confident these days, but their employers don't share the optimism. they're worried what's ahead and what's ahead are future tax increases, for small business owners still, these are people that own delis and dry cleaners and pave your driveways, not fat
FOX Business
Oct 4, 2012 8:00pm EDT
supporters to my he was the election. ninety minutes of merciless pounding a chance of an otherwise very amenable mormon will do that. game not over. obama reelection not done. and mitt romney not toast. weeks to go. came on. a wall street that had dismissed his chances now saying all bets off. good for the challenger, not so good for a president that many argue looked more like a chump after the debate, now suddenly no debate. the president's. >> the people out there who are working every day you're not getting a tax cut, and you want to give them more. stock like you want to close the loopholes. you just want to add an additional tax cut over the loopholes, and that is a problem. neil: that was then. four years later clearly not as energized now. >> let's talk about taxes because i think it is instructive. now, four years ago when i stood on the status said that i would cut taxes for middle-class families. neil: the president is losing steam on stage. already fragile base. this is the basis that if you think about a, already arranged its inaugural in bites. what happens now? >> well, i
FOX Business
Oct 8, 2012 1:00pm EDT
opec meeting. doesn't seem like the kind of regime that would lose an election. the country, beautiful place but like falling down around his ankles. and i don't know --. lori: the opposing candidate in polls leading up to it showed a little bit of a lead over chavez going into the election. melissa: interesting. there you go. the epa latest round of groundwater tests near pavilion. lori: wyoming are linking the to operations by encana. could this open the door to deluge of regulations. kevin book is here to weigh in. kevin, you have to wonder whether this was faulty well or bad practice. anybody that drill as well, there could be an accident, do you think this gives all of fracking a bad melsa, there o things going on here. one is question whether or not, state governments and dealing with first one first. the question addressed whether or not water contained chemicals came out of the formation and up into the drinking wells in wyoming. appears chemicals have been traced. this is normal formation. this is sandstone formation. much shallower than shale formation where all th
FOX Business
Oct 1, 2012 11:00am EDT
historically the undecideds in the last weeks, indeed sometimes it's the last few days of an election, the undecided us usually shift against the incumbent simply because the incumbent is the one they know the most about, and therefore the incumbent is the one that has the edge in having people make up their minds one way or the other. i know in my own first race, i was well behind my opponent who was at 48%. in the last ten days, i said, look, after all the money he's spent if he's only at 48%, that means 52% of people want somebody else, and it turned out i won. he got 48 1/2. connell: president is 48 in the rasmussen overall, he's up 2. and also up in the gallup tracking poll. >> i would say i think romney has had a rough few weeks here and i think it is pretty clear that the polls are moving in the direction of the president in ohio and florida, pennsylvania, and so on, iowa. but this is not -- this race is not over. i don't think the president's campaign would believe it is over either. but i think that this has been a pretty tough few weeks for the romney campaign. they've made
FOX Business
Oct 4, 2012 6:00pm EDT
had a presidential election, which was in 2008, and the growth of that oil production has not only, as long as the gas, but economic significance for jobs, but geopolitical significance because the amount of oil increased has been one element enailed us to put sanctions on iranian oil exports, clearly having a very big impact in iran today. gerri: you know, you're talking about the last presidential election how it was not a big deal, but is this time, part of the conversation, and at the end of the day, americans say romney will be better for gas prices. 46% to 39% for obamament can the president, himself, drive gas prices? >> i think that's, you know, i think that's the thing. whoever's president finds that gasoline prices go up or down, they don't have 5 lot of levers to make them go in the other direction because the price of gasoline is very much affected by weather china's growing or not or how hot the tensions are with iran or not. the frustrations of the white house, whoever is in charge, is what we can do about it. gerri: not that long ago we felt like we were running out
FOX Business
Oct 4, 2012 4:00pm EDT
romney is elected. some say it could be 6% and other people say -- this market has so many things worked into the mix. after the election if romney is the victor with the market continued to rise or would it stay at its current lofty levels. >> we stated there is still the uncertainty which will be here. result before you can say trick or treat. regardless of who wins and he mentioned the gains in dividend taxes last time i was on your show. regardless of the win there is not a lot of other places to go and search for yields. equity markets when you look at things from relative valuation standpoint risk versus relative valuation the equity market had higher from here. dave: you see something really bad coming in 2014. >> a major concern we are hearing from investors, they don't want to be caught on the long end of the curve. the duration risk which is rising interest rates with the bond price or price of the underlying portfolio fixed-income to go down. we don't want to be stuck in fixed-income. when rates do rise perhaps in 2014, you definitely want to search for yield ahead of t
FOX Business
Oct 6, 2012 9:00pm EDT
. >> well, look. that's why i have elections. compromise. they did not elect me to a compromise with barack obama. we have a few more weeks in this campaign. and we went like that they were going to will have. [indiscernible] >> a lot of folks who run and work for a private charity, nonprofits themselves believe that the government should do more to help the poor rather than less. why do you think that is if they do such a better job than the government does to iraq. >> we are seeing a lot of groups like catholic charities becoming effectively lobby. i don't give them any money. give money to that organization in this bandit lobbying to get the government to do their job. >> second understand the rationale. doing good work. all the government would give us more money. real ticket. >> a lot of people do a good job. unfortunately they become a it -- addictive to welfare. in effect corrupted civil society. one of the deep problems with the welfare state. people he should be dedicated to helping others treacly. >> i admire your good intentions and trying to help. john: i sense of but com
FOX Business
Oct 4, 2012 11:00am EDT
tactics mid election? he's not the first politician to change strategy mid election. >> no, but the facts are the facts. if we're talking about jobs and the economy, the greatest thing about this campaign is that voters have no way to say this there's not a difference between the parties. i don't care what you say, romney and the president are in different directions for the country, that's with fiscal policy, domestic policy, with healthcare especially. it is abundantly clear, and i don't know why the president didn't explain why the 5 trillion dollars that's going to be loss and why the 2 trillion is expected. i don't know why as romney said, you keep repeating and repeating, but the fact remains that what happened to the 47% of the people that were written off. aren't they included in the middle class? connell: he never mentioned that. >> he never mentioned it. connell: that had to be on purpose. that had to be -- i mean that was something that's been out there forever. he had to think oh i'm not going to bring this up. >> then why take all these notes on things this guy is sayin
FOX Business
Oct 5, 2012 9:20am EDT
should drop so much, what is it, 31, 32 days from a vacation -- an election i should say. all right. all right. coming up new at 10, joe biden, he says yes we do, to a 1 trillion dollar tax increase. and we'll show you exactly what he said at the top of the hour, back to nicole, the dow shrugging off the jobs report. maybe it likes the jobs report. i don't know. tell me what the winners are, 'cause we're up 68 on the dow. >> i'm dying to stick to the facts after the jobs report which brought so much uncertainty and chatter here on wall street and i could so easily deliver you dow winners including names like alcoa and j.p. morgan, caterpillar, cisco, we've watched the financials do very well, stuart. a lot of people. ted weisberg of seaport securities will say watch the financials, they tell you about this market. bank of america, this week, is up 9%. and that makes everybody feel good, right? probably all of those mutual funds that you probably own, bank of america is a big one. up 9% this week. stuart: okay. and let's not forget, warren buffett has the right to buy, i think, over
FOX Business
Oct 3, 2012 9:00pm EDT
: well, for 18 months he's been running on this tax plan, and now, five weeks before the election, he's saying his big, bold idea is never mind. and the fact is if you are lowering the rates the way you describe, governor, then it is not possible to come up with enough deductions and loopholes that only effect high income individuals to avoid either raising the deficit or burdening the middle class. it's, it's math. it's arithmetic. now, governor romney and i do share a deep interest in encouraging small business growth. so at the same time that my tax plan has already lowered taxes for 98% of families, i also lowered taxes for small businesses 18 times. and what i want to do is continue the tax rates, the tax cuts that we put into place for small businesses and families. but i have said that for incomes over $250,000 a year that we should go back to the rates that we had when bill clinton was president, when we created 23 million new jobs, went from deficit to surplus and created a whole lot of millionaires to boot. and the reason this is important is because by doing that, we ca
FOX Business
Oct 5, 2012 3:00pm EDT
we are creating more jobs. >> only one more of these employment reports before election day. back to you. liz: right. the friday before election day. can you imagine? thank you very much. closing bell ringing in 52 minutes. when berkshire warren buffett buys a company, investors watch and listen. coming up in a fox business exclusive, we are speaking at a rare interview with the chairman, ceo and president about the $9 billion deal. how this business today. what is it like? he is coming up live only on fox business. cleveland, open for business. ♪ ♪ nicole: i am nicole petallides. it is time for the power mover. you made some money if you are short. we are looking at zynga today hitting a new low. the ipo price cut to $10 stuff, has been moving lower ever since. down. 17%. the company is cutting it outlook once again. they are directly correlating to facebook. they are not think the revenues from there either. we are talking about mafia wars, city build, those are some of the names you may be familiar worth. zynga continues to the jobsite. whatever court is saying, i told you so.
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